David Steiner Of USPS Acquires Office Building In Bushwick For $6.47M From Yoram Eliyahu
1369 Broadway
$6,467,953
Building Size
—
Asset Type
Office
Closing
Feb 3, 2026
About this deal
AI
An office building located at 1369 Broadway in Bushwick, Brooklyn, was sold by Yoram Eliyahu. The transaction, which occurred on February 3, 2026, involved a sale price of $6,467,953. The building comprises a total area of 16,355 square feet, resulting in a price per square foot of $395.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,467,953
- Buyer: David Steiner - United States Postal Service (USPS)
- Seller: Yoram Eliyahu
- Date of Sale: February 3, 2026
- Square Footage: 16,355 SF
- Price Per Square Foot: $395
The transaction was represented for the buyer by David Steiner, who is affiliated with the United States Postal Service (USPS). Yoram Eliyahu was the seller in this deal, facilitating the transfer of the office space to USPS.
On the Map
$6,467,953
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.45%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93